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2303 Louisiana Street

Blair Richardson Of Bow River Capital Acquires 337-Unit Camden Midtown Apartments From Ric Campo
SOLDMultiFamily

Blair Richardson Of Bow River Capital Acquires 337-Unit Camden Midtown Apartments From Ric Campo

2303 Louisiana Street

Building Size

Asset Type

MultiFamily

Closing

Jun 19, 2025

AI

The property involved in the transaction is a multifamily asset, comprising 337 units, located at 2303 Louisiana Street in Houston. The asset was built in 1999 and is noted for its strong walkability and urban access.

Summary of transaction details:

JLL arranged the sale and Freddie Mac financing for the Camden Midtown apartment community, facilitating the transaction between Camden Property Trust and Bow River Capital. The brokerage team managed both sale and debt placement aspects of the deal.

Players

Dustin Selzer

Broker

$2.5B

vol

10 deals

Broker
JLL
JLLBrokerage
Blair Richardson

Blair Richardson

Bow River Capital

Buyer

4 deals

Buyer
Bow River Capital
Bow River CapitalBuyer
Freddie Mac
Freddie MacLender

Houston MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale transactions

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Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

5.80%

Cash-on-Cash

-1.66%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93